Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines
Domestic

SA cabinet approves green hydrogen strategy

20 Oct 2023 - by Staff reporter
 Source: GCIS
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

South Africa’s cabinet has given the Green Hydrogen Commercialisation Strategy (GHCS) the green light for implementation.

Minister in the Presidency Khumbudzo Ntshavheni told journalists at a media briefing update on the latest cabinet decisions on Thursday that the move will ensure South Africa becomes a major producer and exporter of green hydrogen. 

“Government has identified possible funding for green hydrogen projects and the draft Green Paper received extensive feedback from stakeholders,” Ntshaveni said.

Ntshavheni said the GHCS gives effect to the Hydrogen South Africa Strategy that was approved by Cabinet in 2007 to prepare the country for a hydrogen economy.

The strategy is framed within the Hydrogen Society Roadmap developed by the Department of Science and Innovation and approved by Cabinet in 2021.

“Green hydrogen has the potential to add additional renewable energy generation capacity and to support the local development of renewable energy,” she said.

Meanwhile, South Africa hosted the second South Africa Green Hydrogen Summit in Cape Town last week.

On the sidelines of the summit, South Africa concluded Heads of Agreements with the intention of launching an SA-H2 Fund that will facilitate the development of the country’s green hydrogen sector.

Ntshaveni said the aim is to attract $1 billion in funding.

She estimated that the hydrogen economy has the potential to add 3.6% to the country’s gross domestic product by 2050 and approximately 370 000 jobs.

In addition, she said cabinet had been updated this week about Eskom’s generation systems performance for the period ending 16 October 2023.

Data shows that Eskom’s power generation capacity is currently averaging 28 615 MW in comparison to 27 410 MW in May 2023.

Cabinet was also informed of the decline in unplanned outages due to plant breakdown to average 13 743 MW compared to 17 369 MW in May 2023.

“This is largely as a result of effective plant maintenance,” Ntshavheni said.

“Cabinet welcomed the addition of another 800 MW to the grid with the return of Kusile Unit 1 ahead of schedule. The additional capacity will help reduce higher levels of load shedding.” – SAnews.gov.za

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

EU Green Deal a ticking timebomb for SA agri exports

Imports and Exports

Some local export industries face massive losses on the back of proposed European pesticide restrictions.

05 Dec 2024
0 Comments

South Africa’s outlook ‘stable’ affirms Moody’s

Economy

The rating attests to credit strengths from effective institutions such as the judiciary and central bank to a robust financial sector.

04 Dec 2024
0 Comments

Strong air cargo growth persists

Air Freight

But US tariff fears have potential to upend global supply chains and undermine consumer confidence – IATA

04 Dec 2024
0 Comments

Germany commits R5.2 bn to South Africa

Economy

The funds will support sustainable development, the just energy transition, training, health and pandemics and employment.

04 Dec 2024
0 Comments

SA and Nigeria strengthen ties

Africa

The African Continental Free Trade Area is a key mechanism to unlock further bilateral trade opportunities.

04 Dec 2024
0 Comments

South Africa’s GDP growth declines 0.3%

Economy

Agriculture recorded its second quarterly consecutive decrease, while transport, trade and government services also deteriorated.

04 Dec 2024
0 Comments

ILO and IMO adopt new guidelines for fair treatment of seafarers

Sea Freight

Seafarers are often considered guilty until proven innocent and denied their fundamental rights.

04 Dec 2024
0 Comments

Northern Lights’ first C02 vessel ready for delivery

Sea Freight

The vessel is the first of its kind, custom designed to safely transport liquefied CO2 from capture sites in Europe.

04 Dec 2024
0 Comments

SA’s G20 presidency to focus on inclusion

Economy

Priorities are disaster resilience, debt sustainability, finance for a just energy transition and harnessing critical minerals for inclusive growth.

04 Dec 2024
0 Comments

Trump warns of 100% tariffs for Brics+ countries

Imports and Exports

“They can go find another ‘sucker!’ There is no chance that the Brics will replace the US dollar in international trade."

03 Dec 2024
0 Comments

Hefty fuel price hike takes effect

Economy

The prices of all grades of petrol and diesel are set to rise at midnight on Tuesday.

03 Dec 2024
0 Comments

BHL Group gets the green light for Copperbelt road upgrade

Logistics
03 Dec 2024
0 Comments
  • More

FeatureClick to view

Sea Freight May 2025

Border Beat

Fuel-crime curbing causes tanker build-up at Moz border
08 May 2025
Border police turn the tide on illegal crossings
29 Apr 2025
BMA officials arrested for enabling illegal immigration
24 Apr 2025
More

Featured Jobs

Transport Clerk (DBN)

Tiger Recruitment
Durban (New Germany)
09 May

Operations’ Coordinator

Brinks Security PTY LTD
Johannesburg
09 May
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us